Regional Office: Thrissur TENDER CUM AUCTION SALE NOTICE

Regional Office: Thrissur

TENDER CUM AUCTION SALE NOTICE

WHEREAS the Authorised Officer of the Bank had issued Demand Notices dated 12/10/2015 to (1) M/s. Avatar Gold and Diamonds, Represented by Mg Partner Mr. U.Abdulla, EMKE Building,Near KSRTC Bus Stand, Thrissur -680001, the borrower and (2) Mr. U Abdulla, S/o U Alikutty , Mg Partner of M/s.Avatar Gold and Diamonds, Urathodiyal House, Thrithala P O, Palakkad – 679534, 3) Mr. K M Hussain, S/o Mr. K M Moidu, Partner of M/s.Avatar Gold and Diamonds, Kunnambath House, Akalad P O,Chavakkad , Thrissur Dist- 680518,4) Mr. Haneef T, S/o Pareeth, Partner of M/s.Avatar Gold and Diamonds, Ammu‟s Villa, Meladi P O, Kozhikode Dist-673522 5) Mr. U Abdul Nazar, S/o U Alikutty, Partner of M/s.Avatar Gold and Diamonds, Urathodiyal House, Thrithala P O, Palakkad – 679534 6) Mr. Hamsa, S/o Mohammed, Partner of M/s.Avatar Gold and Diamonds , Madala House, Muthukurussi, Elad P O, Malappuram PIN: 679 340 7) Mr. K A Noushad, S/o Mr. K B Ali Mohammed, Partner of M/s.Avatar Gold and Diamonds , Kalliparambil House,Thalikulam P O, Thrissur – 680569, 8) Mr. U Faisal Babu, S/o U Alikutty, Partner of M/s.Avatar Gold and Diamonds , Urathodiyal House, Thrithala P O, Palakkad – 679534 9) Mr..U Faris, S/o U Abdulla, Partner of M/s.Avatar Gold and Diamonds, Urathodiyal House, Thrithala P O, Palakkad – 679534 10) Mr. Mohamed Ali, S/o Abdoo,Partner of M/s.Avatar Gold and Diamonds, Ponnath House, Vylathur P O, Thrissur -679 563,(Addressee No.2 to 10 being partners/guarantors)under section 13(2) of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (hereinafter referred to as „The Act‟) and has taken possession of the immovable properties, more fully described in the schedule hereunder under Section 13(4) of the Act read with Rule 8 of the Security Interest (Enforcement) Rules, 2002 on 10/03/2016.

AND WHEREAS, the borrower/ co-obligant/ guarantor have failed to pay the amount, Notice is hereby given that the immovable properties more fully described in the Schedule hereunder will be sold by way of Tender Cum Auction on “as is where is” basis and “as is what is” condition, on the date and at the place mentioned herein below for realization of a sum of Rs.31,53,60,857 (Rupees Thirty one crores fifty three lacs sixty thousand and eight hundred and fifty seven only) as on 07/06/2016 with further interest and costs, subject to the following terms and conditions: -

Name of Property Owner Mr Tharemmel Haneefa Description of property An Extent of 22.47 & 8.68 ares equivalent to 76.971 cents of land comprised under RS Sy 72/4, and 72/5 respectively, of Payyoli Village Koyilandy Taluk, and Kozhikode District covered under document No: 1787/2010, Sale Deed No: 1612/2010, and sale deed No: 1613/2010 all of Payyoli SRO. 22.47 ares is bounded in the East by property of Haneefa & Satish Prabha, North by property of Market, West by Property of Damodaran & Faisal and South by Property of Sathish Prabha, and 8.68 ares is bounded in the East by Bus Stand North by property of Noufal etc, West by property of Haneefa and Noufal etc and South by property of Sathish Prabha Reserve Price Rs.6,23,00,000/- (Rupees six crores twenty three lakhs only) Earnest Money Deposit Rs.62,30,000/- (Rupees sixty two lacs thirty thousand only) (EMD) Date and Place of Sale 14th July 2016, at 11.30 AM

The South Indian Bank Limited., Regd. Office, SIB House, T B Raod , Mission Quarters, Thrissur Kerala-680001. Tel: +91-487-2420020 Fax: +91-487-2442021 Email: [email protected] CIN: L65191KL1929PLC001017 The South Indian Bank Ltd., Regional Office, Round South, Thrissur–680 001, Kerala Email: [email protected] IP Phone: 7062 Tel. 0487-2424292, Fax 0487-2442041 Website: southindianbank.com

Regional Office: Thrissur

South Indian Bank, Regional Office, Door No: 7/1164,O.P.Q.R.S, Ward No:7, Happy Towers, Vaikom Mohamed Basheer Road, Mananchira, Kozhikode- 673 001 Ph-0495-2726726, 2726727.

TERMS AND CONDITIONS 1) The property will be sold on “as is where is” basis and “as is what is” condition and the Bank is not responsible for title, condition or any other fact affecting the property. The particulars furnished regarding the secured asset is stated to the best of information of the Bank and the Bank will not be answerable for any error, misstatement or omission. 2) The proposed Tenderers shall read and understand the terms and conditions mentioned in the Tender Sale Notice which is published by the Bank in its Website/ Thrissur Main Branch /RO Kozhikode and Thrissur Regional Office and also visit the scheduled property and satisfy as to its area, boundaries etc, ownership, title, encumbrances, statutory approvals, measurements etc. The Bank shall not entertain any dispute regarding the Tender process or the scheduled property after participating in the sale. 3) Interested Tenderers shall produce a copy of any valid photo identity/ address proof. In case, the Tenderer is participating on authorization, he should produce the ID proof of himself and the Tenderer. 4) All amounts payable regarding the sale including EMD shall be paid by way of DD/ RTGS drawn in favour of “The Authorised Officer, The South Indian Bank Ltd.” payable at Thrissur. RTGS payment is to be made to “Authorised Officers” a/c No: 008407300004388 maintained at Thrissur Main Branch and IFSC/NEFT Code is SIBL0000084. 5) Interested Tenderers shall submit Demand Draft for the EMD at The South Indian Bank Ltd, Regional Office, Kozhikode along with the Tender in a sealed cover before 11.15 AM on 14/07/2016. 6) The Right of entry to the place of sale will be restricted to the Tenderers who have submitted the Tender letter and EMD in a sealed cover within the stipulated time or within such time as may be decided by the Authorised officer at his sole discretion. 7) The Authorised Officer has got right to cancel/ postpone the Auction without assigning any reason whatsoever. Further, the Authorised Officer shall have the discretion to accept, reject or return any or all the Tenders already submitted and the Bank will not entertain any claim or representation in that regard from the Tenderers. 8) The Sealed Tenders will be opened by the Authorised Officer on 14/07/2016 at 11.30 AM . Any tender received quoting a price below the Reserve Price will be rejected outright. 9) After opening the tenders, the Tenderers who are present may be given an opportunity at the discretion of the Authorised Officer to have inter se bidding among themselves to enhance their offer price. 10) The Successful Tenderer should pay 25 % of the bid amount (less EMD) immediately on receipt of bid acceptance letter and the balance 75% amount within 15 days of the sale, failing which the entire amount paid by the Tenderer shall be forfeited by the Authorised Officer, without any notice and the sale will be cancelled and the property will be brought to sale again. However, in desirable cases the time may be extended at the sole discretion of the Authorised Officer. 11) The sale is subject to confirmation by the Authorised Officer, who shall have right to cancel the sale also notwithstanding that the successful Tenderer has remitted the 25% of Sale amount. Further, the sale is also subject to confirmation by the Secured Creditor.

Regional Office: Thrissur

12) On the sale being confirmed and on receipt of the entire sale proceeds by the Authorised Officer, the successful Tenderer will be issued with a Sale Certificate as per the terms and conditions of the Bank and the SARFAESI Act. The successful Tenderer should pay all the existing dues etc., to the Government/ Local Authorities including charges/ fees payable for registration of sale certificate such as registration Fees, Stamp Duty etc., as applicable as per law. 13) The Authorised Officer or Bank will not be held responsible for any charge, lien, encumbrance, property tax or any dues to the Government or anybody in respect of the properties under sale. 14) The successful Tenderer shall pay all Taxes/ Electricity/ Water/ Sewerage Charges or any other charges demanded by any authority after the acceptance of the bid, even if it pertains to previous periods. 15) The Successful Tenderer shall, at his cost, get the Electricity/ Water/ Sewarage connection etc. and any other common services transferred in his name. 16) The Authorised Officer has obtained EC/ search report regarding the property from 01/01/2012 to 14/04/2016 and it contains no encumbrance. 17) For any further information and for inspection of property, the intended Tenderers may contact the Authorised Officer , The South Indian Bank Ltd, Thrissur Main Branch(PH 0487-2424427 / 2424215) or South Indian Bank, Regional Office, Door No: 7/1164,O.P.Q.R.S, Ward No:7, Happy Towers, Vaikom Mohamed Basheer Road, Mananchira, Kozhikode- 673 001 Ph-0495-2726726, 2726727, during working hours. 18) This may be treated as notice to the borrower/ co-obligant/ guarantor informing them that the property will be sold if the entire amount due to the Bank being Rs.31,53,60,857 (Rupees Thirty one crores fifty three lacs sixty thousand and eight hundred and fifty seven only) as on 07/06/2016 with interest from 08/06/2016 and other costs and charges is not remitted on or before the date fixed for sale.

Date : 08/06/2016. AUTHORISED OFFICER Place : Thrisssur (CHIEF MANAGER)